81.4% Manufacturing Projects In Johor Successfully Implemented

Close collaboration between agencies of the federal government and the Johor state government has helped create almost 88,000 jobs in the state over the last five years.

17 April 2016, Johor Bahru – Close
collaboration between agencies of the federal government and the Johor state
government has helped create almost 88,000 jobs in the state over the last five
years.

"Many of these are high-skilled, knowledge-intensive jobs --
exactly the kind of employment opportunities that can help us achieve our
aspiration to become a high-income nation by 2020," said International
Trade and Industry Minister Dato' Sri Mustapa Mohamed.

He said that MITI and the Malaysian Investment Development Authority
(MIDA), which operates under MITI's aegis, will continue to work closely with
the relevant authorities at both Federal and State levels to ensure the
implementation of approved projects and maintain the momentum of Johor's
economic expansion and job creation.

For the past five
years, out of the total approved manufacturing projects in Johor worth RM78.8
billion, 720 projects or 81.4% have been implemented. Domestic sources
contributed 63% or RM33.9 billion of these investments, while the rest were
from foreign sources. These investments were mainly in Petroleum including
Petrochemical products, Electrical & Electronic products, Food products,
Transport Equipment and Fabricated Metal Products.

“This success rate in
implementation is largely the result of the strong co-operation between MIDA
and state agencies such as the Johor Economic Planning Unit (UPENJ), Johor
State Investment Centre (JSIC) and local authorities,” said Dato' Sri Mustapa.

Earlier today, the
Minister visited the Pengerang Integrated Complex (PIC) for an update on the
progress of the Refinery and Petrochemical Integrated Development (RAPID)
project. “PIC is a game changer for the oil and gas industry. I am happy
with the progress of RAPID since my last visit 3 years ago. We trust that this
project will help Malaysia to capitalise on the growing need for energy
and commodity petrochemical products in Asia in the next 20 years," he
said.

"MITI and MIDA
are working closely with PETRONAS to identify key petrochemical players that
can be invited to participate in the downstream projects in Pengerang. As to
date, MIDA has approved 5 projects under RAPID amounting to
RM39.73 billion. Upon the operations of PIC, more than 4,000 employment
opportunities will be created for the country,” said Dato' Sri
Mustapa.

“Additional
investments from these four companies demonstrate that
Malaysia continues to be a preferred investment destination in the region
despite the global economic turbulence," Dato' Sri Mustapa said.

Amity Energy, a Singapore-based developer of oil and gas
storage terminals and other assets, plans to build and operate a
Refrigerated Liquefied Petroleum Gas (RLPG) Terminal and a 500,000 cubic metre
storage terminal for petroleum products such as Fuel Oil, Gas Oil, Naphta and
Gasoline. A total of 1,960 employment opportunities will be created over
the two phases of the project that will be completed by 2018 and 2019.

Musim Mas Group, one
of the largest oil palm producers in the world, has made an additional
investment to develop and operate a fully integrated Palm Oil Hub in Tanjung
Langsat with investments estimated at RM350 – RM400 million. Since 2014,
its subsidiary Musim Mastika Oils and Fats has been operating a RM250 million
palm oil refinery and fractionation plant in Tanjung Langsat. It has a current
capacity of processing 1,800 metric tonne per day of crude palm oil
(CPO).

Johor Port,
as the Southern Gateway Multipurpose Port in Malaysia, is the
first multipurpose port in Johor designed to cater to practically all
types of cargo. The company plans to develop and operate Tanjung
Langsat Industrial Complex (TLIC) Cargo Consolidation Centre
which will act as the Export Processing Zone for all containerised cargo
from TLIC, providing a one stop logistic solution. The project, with total
investments of RM150 million, is expected to create 60 job opportunities for
Malaysians.

Steinweg, one of the
largest logistics players in the world specialising in commodities, chemicals
and plastics, currently plans to develop a Natural Resources and Commodities
Hub. This hub will serve the increasing market demand for an international
distribution hub of commodities, chemicals and base metal. This project, valued
at RM546 million, will be located on a 48.2 acre piece of land.